Cypress Semiconductor Corporation (NASDAQ:CY) SVP Sudhir Gopalswamy sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $16.60, for a total transaction of $49,800.00. Following the transaction, the senior vice president now directly owns 70,607 shares of the company’s stock, valued at approximately $1,172,076.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Cypress Semiconductor Corporation (CY) opened at $15.19 on Friday. Cypress Semiconductor Corporation has a fifty-two week low of $10.51 and a fifty-two week high of $17.42. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.60. The firm has a market cap of $5,341.97, a PE ratio of 33.35, a PEG ratio of 2.88 and a beta of 2.01.

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Cypress Semiconductor (NASDAQ:CY) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Cypress Semiconductor had a negative net margin of 5.75% and a positive return on equity of 9.01%. The firm had revenue of $604.57 million for the quarter, compared to the consensus estimate of $602.16 million. During the same period in the previous year, the firm posted $0.15 EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis. research analysts anticipate that Cypress Semiconductor Corporation will post 0.56 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Thursday, December 28th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $0.44 annualized dividend and a yield of 2.90%. Cypress Semiconductor’s payout ratio is -110.00%.

Several equities research analysts recently weighed in on the stock. Loop Capital reissued a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor in a research report on Monday, November 20th. Barclays downgraded shares of Cypress Semiconductor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $18.00 to $17.00 in a research report on Tuesday, October 31st. Zacks Investment Research raised shares of Cypress Semiconductor from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a research report on Tuesday, October 31st. SunTrust Banks downgraded shares of Cypress Semiconductor from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a research report on Friday. Finally, BidaskClub raised shares of Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Cypress Semiconductor presently has a consensus rating of “Buy” and an average price target of $17.50.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Cypress Semiconductor by 0.8% during the 2nd quarter. BlackRock Inc. now owns 27,848,587 shares of the semiconductor company’s stock valued at $380,133,000 after purchasing an additional 231,335 shares during the last quarter. TCW Group Inc. grew its holdings in Cypress Semiconductor by 13.8% during the 3rd quarter. TCW Group Inc. now owns 13,463,003 shares of the semiconductor company’s stock valued at $202,214,000 after purchasing an additional 1,628,930 shares during the last quarter. FMR LLC grew its holdings in Cypress Semiconductor by 310.3% during the 2nd quarter. FMR LLC now owns 12,371,805 shares of the semiconductor company’s stock valued at $168,875,000 after purchasing an additional 9,356,825 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Cypress Semiconductor by 34.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,262,029 shares of the semiconductor company’s stock valued at $184,179,000 after purchasing an additional 3,116,871 shares during the last quarter. Finally, State Street Corp grew its holdings in Cypress Semiconductor by 3.4% during the 2nd quarter. State Street Corp now owns 9,176,862 shares of the semiconductor company’s stock valued at $125,265,000 after purchasing an additional 302,001 shares during the last quarter. Institutional investors own 97.39% of the company’s stock.

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